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    Intermediate Accounting Study Set 8
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    Exam 3: The Accounting Information System
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    When an Item of Revenue or Expense Has Been Earned
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When an Item of Revenue or Expense Has Been Earned

Question 38

Question 38

Multiple Choice

When an item of revenue or expense has been earned or incurred but not yet collected or paid, it is normally called a(n) ____________ revenue or expense.


A) prepaid
B) adjusted
C) estimated
D) none of these

Correct Answer:

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